XRP - Impulse - Correction - Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to my latest analysis (attached on the chart), we expected XRP to reject the 0.7345 zone.
This week, XRP entered a correction phase, and it is currently approaching the support zone.
🏹 For the bulls to regain control and initiate the next impulse movement, we need a break above the red channel and the last major high.
Meanwhile, XRP would be bearish, trading inside the falling red channel, and could still move lower to test the 0.55 support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Blockchain
AVAX EXPLOSIVE Growth Potential - DAPP BuilderPlease Excuse the audio, I have a version on my Youtube with far better audio, for some reason, my computer won't let me select my Microphone. You can find our youtube link in our trading view bio
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
BCH - Still Strong ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BCH has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, BCH is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a demand zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BCH approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOGEyyy-Doo, Where Are You🐕Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 DOGE has been overall bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.
Moreover, the 0.05 - 0.055 is a strong demand zone.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As DOGE approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🔎 From a long-term perspective, for the bulls to take over, we need a break above the last major high around 0.084 highlighted in blue.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Macro View 🌐Hello TradingView Family / Fellow Traders,
📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge , forming another bullish impulse that confirms the ongoing upward trend.
Consequently, we've identified and outlined a rising channel in orange.
BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📉 Meanwhile , considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range.
This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
All Eyes on ETH 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the lower boundary of the red wedge pattern, ETH has displayed bullish behavior.
However , it is currently approaching a robust resistance zone between 2150.0 and 2300.0, intersecting with the upper red trendline, thus acting as an overbought zone.
To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
📉 Conversely, as long as ETH trades below 2300.0, the possibility remains for bears to initiate a correction, with confirmation likely on lower timeframes.
Monitoring the price action around this key level will provide valuable insights into the market direction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TOMO serving a Coffee Lungo CupBINANCE:TOMOUSDT
Dear Listeners, Readers and Grey haired on their 30's, welcome to my first TV page. I've been on a regular TV but it's time to move on, right?
You will see these posts as Andrii Vision's, but sometimes I think my second name should be Groening. IYKYK.
So, let's go to the topic.
Shortly: OMXSTO:TOMO : $0,9 BUY, $2,9 SELL
Ok, the signal lovers has already got for what they've been looking for, now more details for the deeper audience that I'm eager to gather here (If you know such people, just subscribe, comment, share your thoughts, let's create the better future together)
I really appreciate when the projects think long terms, use philosophy and heading to the guiding light that is creating the better world. And from what I can see and read, TOMO is the one. Besides the Blockchain, they've JUST (21st Aug) started TOMO Foundation, where you can read all the vision they have and the reasons of it. As well as they've began an ambassador's program, so they'll be shilled hard in the coming months.
As all of their tokens are already distributed (apart of those that are distributing as the block rewards to the miners) and the project started its path on 2018, their technicals are kind of repeating their vision's mechanics and forming a very long going structures.
As of now, I see such a huge Cup, that its handle take 4 months to be fully sculpted.
Zones of entering:
- Now (If the handle is actually the ascending triangle, not a flag)
- At $1-0,9 zone, if there will be a change to buy in
All of above, Foundation, Ambassador program, their activity on web just adds confidence into my words.
Share your opinions here, would love to see your takes or some more info about the project, too. Or, if you want me to become your ambassador, dear TOMO TEAMO, you know where to find me :)
TRX is a Beast 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 Unlike many altcoins exhibiting high volatility, TRX has demonstrated steady upward movement throughout the entire year.
This bullish trend is engulfed within the rising broadening wedge pattern outlined in orange, currently approaching the upper boundary marked by the orange trendline, serving as a non-horizontal resistance.
Additionally, the zone between 0.105 and 0.115 presents a robust resistance level.
📈 To maintain long-term control, the bulls must breach the 0.115 resistance.
If successful, a movement toward the subsequent resistance level at 0.14 can be anticipated.
📉 Conversely, as long as TRX trades below 0.115, there is potential for bears to instigate one more correction (confirmation needed on lower timeframes).
In such a scenario, we should be vigilant for trend-following buy setups as TRX approaches the lower boundary of the orange trendline.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
BTC - Top-Down Analysis 📹 From Macro to MicroHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
XRP - MarkUp Phase Started 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase.
📈 For the bulls to maintain control , we need a break above the 0.7345 resistance highlighted in blue.
📉 Meanwhile, XRP could still face rejection at the resistance , which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Rest assured that the cryptocurrency has triumphantly bounced above our completed Inner Coin Rally 35000, indicating a promising upward trend towards Inner Coin Rally 36300 and beyond. However, the intermediate price action is currently posing to move lower towards Mean Sup 33600; it is only a matter of time before it regains momentum and surges higher.
Ethereum (ETH/USDT) Chart Analysis - Short-Term ProjectionIn this technical analysis, we will take a closer look at the Ethereum (ETH) price chart against the US Dollar (USDT) in a 1-hour (1H) timeframe. We will assess the current market situation and outline potential price movements for the near future.
Current Price: $1798
Chart Pattern: Bull Flag
Price Target: $2000 (Short-Term)
Technical Analysis:
The Ethereum price is currently trading at $1798, and the chart indicates the formation of a Bull Flag pattern on the 1-hour chart. This pattern is often seen as a bullish continuation signal, suggesting that the price may experience an upward movement in the coming days.
Key Levels to Watch:
Strong Support at $1750:
One crucial level to monitor is the strong support at $1750. If this level holds, Ethereum to make its way to the $2000 mark in the short term.
Resistance Levels:
$1850: A resistance level to consider on the way to the $2000 target.
$2000: The short-term price target for Ethereum, should the Bull Flag pattern play out as anticipated.
Trade Strategy:
For traders looking to capitalize on this potential price movement, consider the following strategy:
Exit Strategy:
If the $1750 support level is breached and the overall trend changes, it may be prudent to exit your position to minimize potential losses.
thank you.
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ETH - One More CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our last analysis (attached on the chart), ETH rejected the 1550.0 support and traded higher.
Currently, ETH is sitting around a strong supply marked in orange.
📈 For the bulls to remain in control, we need a break above 1885.0
📉 Meanwhile, if the gray zone 1738.0 is broken downward, expect the bearish impulse to start.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Detailed Video Analysis 📹 From Weekly To H4Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
MATIC/USDT Technical Analysis: Deciphering the Chart SetupMATIC/USDT Technical Analysis: Deciphering the Chart Setup
Bullish Bounce from Symmetrical Triangle
MATIC currently trades around $0.65 after bouncing from the $0.52 level, which aligns with support of a symmetrical triangle on the daily chart.
Symmetrical triangles typically act as continuation patterns, so this bounce suggests a resumption of MATIC's uptrend within the triangle formation.
Favorable Higher Timeframe Structures
On the weekly chart, the symmetrical triangle takes shape as a larger bull pennant, which is also a bullish continuation pattern.
The confluence of constructive structures on the daily and weekly timeframes paints a positive picture for MATIC over the near term.
Measured Move Targets $1 Initially
The symmetrical triangle points to an initial measured move target of around $1 if MATIC can break out above the upper triangle trendline.
Reclaiming the key $1 level would likely propel additional upside momentum.
Potential for $5+ in a Bull Market
Looking longer-term, if MATIC breaks and holds above $1 decisively on the weekly chart, the bullish structures an extended move towards $5 first, with the potential for $10 in a sustained crypto bull market.
Monitoring Key Support at $0.50
If macro conditions worsen, keeping an eye on the $0.50 support level is prudent. A breakdown below $0.50 would invalidate the bullishness and introduce downside risk towards $0.20.
XMR - A Range But Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 XMR has been stuck inside a wide range between 130.0 and 188.0.
Currently, #XMR is hovering around the upper bound of the range.
📉 For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0.
📈 Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart.
Which scenario do you think is more likely to happen and why?
📚 Always follow your #trading plan regarding entry, #risk management, and trade #management.
Good luck!
All #Strategies Are Good; If Managed Properly!
~Rich
X for XinFin ⚔️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🚀 Following a 175% surge in July / August , XDC has been in a correction phase for the last couple of month.
However, XDC is currently approaching a strong support zone around 0.04 marked in blue.
📈 For the bulls to take over again and start the next impulse upward, we need a break above the last major high in red around 0.055
📉 Meanwhile, XDC would be bearish and can still test the blue support where we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Weekly Chart Analysis: Key Resistance Levels in FocusBitcoin has been a topic of discussion in recent weeks, as it continues to trade within a range that has kept traders on the edge of their seats. In this weekly chart analysis, we'll take a closer look at the current state of Bitcoin's price, focusing on key resistance and support levels that could dictate its future trajectory.
Current Price:
As of the latest data, Bitcoin is trading at approximately $34,000.
Weekly Resistance Breakout:
One of the most critical factors to watch for in the Bitcoin market right now is a potential breakout of a significant resistance level on the weekly chart. This week's candle is set to close soon, and if it finishes above $31,000, it could signal a substantial bullish scenario for Bitcoin.
Resistance Levels:
The two primary resistance levels to keep a close eye on are at $38,000 and $46,000. These levels have been significant obstacles for Bitcoin in recent times.
$38,000 Resistance: If Bitcoin manages to break through the $37,000-$38,000 resistance zone, it could pave the way for a rapid price surge toward $46,000 in the coming days.
$46,000 Target: A successful breach of the $38,000 resistance may lead to Bitcoin's price reaching $46,000 in a relatively short period.
Potential Support Level:
While we focus on the bullish scenario, it's crucial to be prepared for the alternative outcome. Should Bitcoin fail to surpass the $37,000-$38,000 resistance range, there is a possibility of a retest of the $30,000 level.
Final Thoughts:
In the world of cryptocurrency trading, it's vital to approach the market with a well-informed strategy. Never trade blindly and always monitor critical resistance and support levels.
Support Level:
$30,000 is a significant support level that could come into play if Bitcoin faces rejection at the $37,000-$38,000 resistance range.
In conclusion, the Bitcoin market is at a crucial juncture, with the potential for both bullish and bearish scenarios. Traders and investors should keep a close watch on the $37,000-$38,000 resistance range, as it could be the key to determining the next direction for Bitcoin's price.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.